Indian equity markets are expected to open on a mildly positive note, supported by improving global cues as geopolitical tensions show early signs of easing. Comments from Donald Trump suggesting that the U.S.–Israel conflict with Iran could conclude soon have triggered a decline in crude oil prices and the U.S. dollar, helping restore risk appetite across global markets. U.S. equities closed the previous session in positive territory, while Asian markets are showing signs of recovery following the drop in oil prices, indicating a modest improvement in global sentiment. 

On the domestic front, continued FII selling remains a key headwind for market sentiment. However, steady inflows from domestic institutional investors (DIIs) continue to provide a cushion on the downside, helping to limit deeper corrections. This divergence between foreign outflows and domestic buying highlights the resilience of India’s internal liquidity, though the broader market direction continues to be largely guided by global macro developments, energy prices and evolving geopolitical headlines.

In the near term, markets are likely to remain volatile with investors closely tracking geopolitical developments, crude oil trends, and global risk sentiment for clearer directional signals. 

Nifty 50

Nifty 50 is currently hovering around the 24,000 zone, indicating a fragile technical structure after the recent correction. On the downside, 23,700–23,600 remains a crucial support band. A decisive break below this region could expose the index to further downside pressure toward lower levels. On the upside, 24,300 stands as the immediate resistance, followed by a stronger hurdle near 24,600. A sustained move above this zone could open the path for a recovery toward the psychological 25,000 mark.

Momentum indicators continue to reflect a weak undertone. The RSI is currently near 29, positioned in oversold territory, indicating persistent selling pressure but also hinting at the possibility of a short-term technical bounce. Meanwhile, the MACD remains deeply negative with a widening histogram, signaling that bearish momentum is still dominant. While short-term rebounds may emerge due to oversold conditions, the absence of strong institutional buying suggests that upside recoveries could remain limited unless fresh triggers emerge.

Bank Nifty

Bank Nifty continues to trade under pressure and underperform the broader market, reflecting weakness in the banking segment. The index is currently hovering near the 56,000 level, which is acting as an important near-term pivot. A sustained breakout above 56,000 could push the index toward the 57,000–57,700 region, where the next resistance cluster is positioned.

On the downside, a critical demand zone lies between 55,600–55,300, and a breakdown below this band could intensify selling pressure and extend the decline. Momentum indicators remain subdued. The RSI is in the oversold zone, indicating the potential for intermittent technical rebounds, while the MACD continues to reflect sustained bearish momentum until stabilization signals begin to emerge. The near-term outlook for Bank Nifty remains cautious, although short-covering rallies may appear from oversold levels in the coming sessions.